ASM International N.V : Structural winner, Outperform rating reiterated, target price raised to € 800
>Outperform, target price raised to € 800 vs € 700 after the road show with the CFO in Frankfurt - Following a road show with Paul Verhagen, ASMi’s CFO, accompanied by Valentin Fantigrossi (investor relations), we reiterate our Outperform rating and raised our target price to € 800 vs € 700. Our forecasts are unchanged for the time being, but we think that upside exists on both H2 2024 and, more largely, in the medium term (out to 2030). Everything hinges on AI with, ...ASM International is an equipment supplier mainly to the semiconductor manufacturing industry. Co. designs, manufactures and sells equipment and services to its customers for the production of semiconductor devices, or integrated circuits. Co.'s front-end segment manufactures and sells equipment used in wafer processing, encompassing the fabrication steps in which silicon wafers are layered with semiconductor devices. Co.'s back-end segment manufactures and sells equipment and materials used in assembly and packaging, encompassing the processes in which silicon wafers are separated into individual circuits and subsequently assembled, packaged and tested.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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